OVARRO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
OVARRO
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · -€1.1m+€2.3m
Equity
€9.0m
2024 · €7.8m+€1.2m
Cash
€2.8m
2024 · €3.5m-€766,505
Balance sheet total
€16.4m
2024 · €13.6m+€2.8m
Largest movements
Assets
- Receivables within one year +€4.0m
up €4.0m (+51.1%), from €7.9m to €12.0m
of which Other amounts receivable: +€3.9m
- Cash -€766,505
down €766,505 (-21.8%), from €3.5m to €2.8m
mainly Receivables within one year (-€4.0m) and Investment in fixed assets (net) (-€196,953)
- Stocks and contracts -€430,723
down €430,723 (-48.9%), from €881,551 to €450,828
- Intangible fixed assets -€200,344
down €200,344 (-24.7%), from €810,229 to €609,885
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+25.0%), from €5.2m to €6.5m
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€797,844 to €339,930
- Tax, wage and social debts +€300,906
up €300,906 (+54.7%), from €550,210 to €851,116
of which Remuneration and social security: +€349,754
Income statement
- Other operating charges -€2.7m
down €2.7m (-99.7%), from €2.8m to €7,278
- Staff costs +€793,396
up €793,396 (+51.3%), from €1.5m to €2.3m
- Taxes -€245,014
down €245,014 (-34.1%), from €718,552 to €473,538
- Other operating income +€193,391
up €193,391 (+49.1%), from €393,837 to €587,228
- Goods and materials -€170,479
down €170,479 (-8.0%), from €2.1m to €2.0m
of which Purchases: -€780,648
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€1.1m
Turnover
+€28,058
Other operating income
+€193,391
Goods and materials
+€170,479
Services and other goods
+€113,295
Staff costs
-€793,396
Depreciation
-€61,146
Write-downs
-€42,425
Other operating charges
+€2.7m
Other operating items
-€218,068
Financial income
+€71,621
Financial charges
-€146,312
Taxes
+€245,014
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€571,526
Investment
-€194,979
Financing
€0
Cash 2024
€3.5m
From operations (derived)
-€571,526
Net result for the year
+€1.2m
Depreciation
+€270,444
Stocks and contracts
+€430,723
Receivables within one year
-€4.0m
Deferred charges and accrued income
-€11,159
Trade debts
+€1.3m
Tax, wage and social debts
+€300,906
Investment (derived)
-€194,979
Investment in fixed assets (net)
-€196,953
Current investments
+€1,974
Cash 2025
€2.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,625,020 | €16,411,703 | +€2.8m | +20.5% |
| Fixed assets | 21/28 | €1,267,298 | €1,193,807 | -€73,491 | -5.8% |
| Intangible fixed assets | 21 | €810,229 | €609,885 | -€200,344 | -24.7% |
| Tangible fixed assets | 22/27 | €12,022 | €28,100 | +€16,078 | +134% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €107 | €1,005 | +€898 | +839% |
| Furniture and vehicles | 24 | €11,915 | €27,095 | +€15,180 | +127% |
| Financial fixed assets | 28 | €445,047 | €555,822 | +€110,775 | +24.9% |
| Other financial fixed assets | 284/8 | €445,047 | €555,822 | +€110,775 | +24.9% |
| Amounts receivable and cash guarantees | 285/8 | €445,047 | €555,822 | +€110,775 | +24.9% |
| Current assets | 29/58 | €12,357,722 | €15,217,896 | +€2.9m | +23.1% |
| Stocks and contracts in progress | 3 | €881,551 | €450,828 | -€430,723 | -48.9% |
| Stocks | 30/36 | €881,551 | €450,828 | -€430,723 | -48.9% |
| Goods purchased for resale | 34 | €881,551 | €450,828 | -€430,723 | -48.9% |
| Amounts receivable within one year | 40/41 | €7,918,353 | €11,966,570 | +€4.0m | +51.1% |
| Trade receivables | 40 | €1,659,854 | €1,849,510 | +€189,656 | +11.4% |
| Other amounts receivable | 41 | €6,258,499 | €10,117,060 | +€3.9m | +61.7% |
| Current investments | 50/53 | €11,828 | €9,854 | -€1,974 | -16.7% |
| Other investments | 51/53 | €11,828 | €9,854 | -€1,974 | -16.7% |
| Cash at bank and in hand | 54/58 | €3,521,296 | €2,754,791 | -€766,505 | -21.8% |
| Deferred charges and accrued income | 490/1 | €24,694 | €35,853 | +€11,159 | +45.2% |
| Total equity and liabilities | 10/49 | €13,625,020 | €16,411,703 | +€2.8m | +20.5% |
| Equity | 10/15 | €7,811,862 | €8,988,130 | +€1.2m | +15.1% |
| Contributions | 10/11 | €7,862,000 | €7,862,000 | = | 0.0% |
| Capital | 10 | €7,862,000 | €7,862,000 | = | 0.0% |
| Issued capital | 100 | €7,862,000 | €7,862,000 | = | 0.0% |
| Reserves | 13 | €747,706 | €786,200 | +€38,494 | +5.1% |
| Non-distributable reserves | 130/1 | €747,706 | €786,200 | +€38,494 | +5.1% |
| Legal reserve | 130 | €747,706 | €786,200 | +€38,494 | +5.1% |
| Profit (loss) carried forward | 14 | -€797,844 | €339,930 | +€1.1m | |
| Amounts payable | 17/49 | €5,813,158 | €7,423,573 | +€1.6m | +27.7% |
| Amounts payable within one year | 42/48 | €5,778,598 | €7,389,013 | +€1.6m | +27.9% |
| Trade debts | 44 | €5,228,388 | €6,537,897 | +€1.3m | +25.0% |
| Suppliers | 440/4 | €5,228,388 | €6,537,897 | +€1.3m | +25.0% |
| Taxes, remuneration and social security | 45 | €550,210 | €851,116 | +€300,906 | +54.7% |
| Taxes | 450/3 | €323,141 | €274,293 | -€48,848 | -15.1% |
| Remuneration and social security | 454/9 | €227,069 | €576,823 | +€349,754 | +154% |
| Accrued charges and deferred income | 492/3 | €34,560 | €34,560 | = | 0.0% |
| Operating income | 70/76A | €8,446,029 | €8,449,410 | +€3,381 | 0.0% |
| Turnover | 70 | €7,772,503 | €7,800,561 | +€28,058 | +0.4% |
| Own construction capitalised | 72 | €279,689 | €61,621 | -€218,068 | -78.0% |
| Other operating income | 74 | €393,837 | €587,228 | +€193,391 | +49.1% |
| Operating charges | 60/66A | €8,626,046 | €6,490,818 | -€2.1m | -24.8% |
| Goods for resale, raw materials and consumables | 60 | €2,133,066 | €1,962,587 | -€170,479 | -8.0% |
| Purchases | 600/8 | €2,357,511 | €1,576,863 | -€780,648 | -33.1% |
| Change in stocks: decrease (increase) | 609 | -€224,445 | €385,724 | +€610,169 | |
| Services and other goods | 61 | €1,953,831 | €1,840,536 | -€113,295 | -5.8% |
| Remuneration, social security and pensions | 62 | €1,546,243 | €2,339,639 | +€793,396 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,298 | €270,444 | +€61,146 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,909 | €70,334 | +€42,425 | +152% |
| Other operating charges | 640/8 | €2,755,699 | €7,278 | -€2.7m | -99.7% |
| Operating profit (loss) | 9901 | -€180,017 | €1,958,592 | +€2.1m | |
| Financial income | 75/76B | €211,347 | €282,968 | +€71,621 | +33.9% |
| Recurring financial income | 75 | €211,347 | €282,968 | +€71,621 | +33.9% |
| Income from financial fixed assets | 750 | €1,429 | €1,433 | +€4 | +0.3% |
| Income from current assets | 751 | €92,735 | €136,101 | +€43,366 | +46.8% |
| Other financial income | 752/9 | €117,183 | €145,434 | +€28,251 | +24.1% |
| Financial charges | 65/66B | €445,442 | €591,754 | +€146,312 | +32.8% |
| Recurring financial charges | 65 | €444,642 | €591,754 | +€147,112 | +33.1% |
| Debt charges | 650 | €13,537 | €15,569 | +€2,032 | +15.0% |
| Other financial charges | 652/9 | €431,105 | €576,185 | +€145,080 | +33.7% |
| Non-recurring financial charges | 66B | €800 | - | -€800 | |
| Profit (loss) for the period before taxes | 9903 | -€414,112 | €1,649,806 | +€2.1m | |
| Income taxes | 67/77 | €718,552 | €473,538 | -€245,014 | -34.1% |
| Taxes | 670/3 | €718,552 | €473,538 | -€245,014 | -34.1% |
| Profit (loss) for the period | 9904 | -€1,132,664 | €1,176,268 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,132,664 | €1,176,268 | +€2.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.